Housing costs in Lowes?
A typical home costs
$77,200, which is 77.2% less expensive than the national average of
$338,100 and 60.3% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lowes costs
$680 per month, which is 26.1% cheaper than the national average of
$920 and 8.8% cheaper than the state average of
$740.
Can I afford Lowes?
To live comfortably in Lowes (zip 42061), Kentucky, a minimum annual income of
$14,760 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Lowes?
The cost of living in 42061 Lowes, KY is affordable compared to other areas in the state and country. While home prices can vary greatly depending on location, the median home value in Lowes is $51,000 as of 2019. This makes Lowes one of the most affordable places to live in Kentucky. Renting an apartment also tends to be a more economical option than buying a home, with average rents starting as low as $650 per month. Additionally, utilities are some of the lowest in the country at only around $100 a month for basic services. Groceries and other everyday expenses are also generally lower than national averages, making it easier for families on tight budgets to make ends meet.